Long term this pair has an interesting picture: from one side price strongly bounced of the trend line making a Higher Low; and from another side price had Double top. Reaction at the Double top's neck line at 1.5100~ will clear a situation. If price will be rejected from the 1.5100 level - Double top is taking over and next move will be to the down side to 1.3500~ level. If price will manage to continue move to the upside without stop - next level would be 1.6400 before it reverses.
Despite today's EUR positiveness, at this moment, on the long term basis I support Double top.
Short term I am looking forward to buy.
Despite today's EUR positiveness, at this moment, on the long term basis I support Double top.
Short term I am looking forward to buy.